Chinese shares edge up 0.43% in morning despite unfavorable industrial figure

BEIJING, Dec. 15 (Chinese media) -- Chinese shares closed up 0.43 percent in morning trade, though November industrial output growth fell sharper than expected on Monday.

Benchmark Shanghai Composite Index opened 1.17 percent higher on policy boost over the weekend, but gains gradually narrowed down to only 8.38 points to 1962.6. The Shenzhen Component Index closed up 0.13 percent to 7101.81 points.

Marking a deceleration for the fifth straight month, China's industrial output rose 5.4 percent year-on-year in November, 2.8 percentage points lower than October. The figure was 11.9 percentage points lower than a year earlier, according to the National Bureau of Statistics (NBS).